Coldwell Banker’s The Jills team represented Muss, and Nelson Gonzalez of EWM Realty International represented the buyer, who he declined to name.

Once the asking price was reduced to $19.5 million, the Mediterranean-style property started garnering attention, Gonzalez said. The sizable discount is in line with other recent multimillion-dollar home sales in Miami-Dade County, as luxury home sellers are issuing increasingly substantial price reductions to move their properties. Earlier this month, a waterfront spec home at 3114 North Bay Road sold for $16.5 million, a nearly 30 percent discount off the $23 million asking price in 2016.

Kravitz’s former home sits on a 25,000-square-foot lot on Sunset Island II with 125 feet of frontage on Biscayne Bay, a private beach, saltwater pool, Jacuzzi, cabana and private dock. The Miami Beach estate includes a movie theater, meditation garden, gym, elevator and guest house.

Kravitz paid nearly $9 million for the home in 2001, property records show. He sold it to Muss in 2005 for $14.5 million.